answersLogoWhite

0


Best Answer

The term 'factoring money' means selling debt one is owed to a company who take over responsibility for collecting that money. They earn a profit by paying less than the value of the money owed to you.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What does the term factoring money mean?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What does the financial term 'factoring services' mean?

Financial factoring services are financial services sells its accounts receivable to a third party at a discount. This provides financing to the seller in the form of cash. This is, by no means considered a loan.


What does chedda mean?

It is a slang term for the word money It is a slang term for the word money It is a slang term for the word money is a slang term for the word money is a slang term for the word money


What is meant by the term factoring accounts receivable?

Factoring accounts receivable is a term used in finance. It refers to a specific kind of transaction in which one business sells invoices to another business at a discount.


What does factoring unlocking service mean?

Nothing.


What does factoring expressions mean?

9x+39


What is the term used for breaking down a product into the numbers that formed it?

factoring


What is the tagalog of generalization?

The Tagalog term for "generalization" is "pangkalahatan."


What does credit factoring mean?

Credit Factoring is where a business sells its invoices to a third party at a discount. In credit factoring, the third party buying the invoices is called the factor.


Is credit card factoring sometimes known as credit card laundering?

Credit Card Factoring is indeed sometimes known as credit card laundering and even at times may be called money laundering. These two names mean to launder money by use of credit cards often times through businesses.


What does the term medical factoring refer to?

The term medical factoring refers to a strategic business option as a remedy to cash flow issues. Cash is paid more quickly but is paid for with a slight loss in the total receivables collected over the long term.


What does factoring rates mean?

Factoring rates apply to the practice of businesses selling receivables at a discount to a factor, who then collects the funds. The factoring rate is the amount of the discount at which the receivable is purchased.


What does factoring finance mean?

Factoring is a term describing a business model. In that model, a business sells invoices or debts to another party, which is called a factor, with a discount. The third party buying debts or invoices mostly pays around 70-85% of the net price.